"The increased demand for point-to-point service requires the use of transshipment hubs to coordinate feeder services to and from countries and ports with low-volume throughput," said Mike Lee, Consultant, Transportation & Logistics, Asia Pacific at Frost & Sullivan. He added that there has been a universal shift from transporting bulk or loose goods to transportation by containers due to the benefits offered by containerization such as safety, cost, speed, and convenience. "This is expected to drive growth in the container ports market in the short to medium term, especially from India where the level of containerization remains low," Lee said. New analysis from Frost & Sullivan Strategic Insights on Asia Pacific Container Ports Market, finds that the Asia Pacific container ports handled over 264 million TEUs in 2008 and estimates this to reach 378 million TEU in 2015. However, Lee said that the total container throughput in Asia Pacific is likely to decline approximately eight to 12 percent in 2009 due to the economic crisis. "Intervention by governments in Asia Pacific and increased consumers' confidence are likely to cushion the impact," he added. Lee also said that the increased focus to tackle terrorism after the September 11 attack led to new initiatives to prevent the threat before it happens
BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, says it has completed a major strategic study - “Enhancing Hong Kong’s Position as an International Maritime Centre (IMC)”, undertaken on behalf of the Hong Kong Transport and Housing Bureau. The study aims to plot a development roadmap and strategy that will enable Hong Kong to remain a successful IMC in an increasingly competitive region. BMT explains that it conducted the IMC study utilising extensive industry
TT Club, the transport and logistics industry's provider of insurance and related risk management services has appointed Colin Lewin as Chief Operating Officer, effective October 1, 2002. Lewin, currently Asia Pacific regional manager for TT Club, will take over the operational management of underwriting and claims in order to leave CEO Paul Neagle free to manage the strategic development of the business following its extensive planning initiative last year with Ernst and Young.
EXXONMOBIL Marine Fuels (EMMF), a world leading supplier of marine fuels, has undertaken a strategic reorganisation and strengthening of its bunkering team worldwide with effect from January 1, 2004. Dan Bryce is to leave his post as EMMF Americas General Manager to become Adviser, LNG/PGS Business Planning and Support, ExxonMobil Gas and Power Marketing, based in Houston. Meanwhile, Joe Rud, currently EMMF Manager for
Tendeka, the provider of completions and reservoir monitoring products and services to the upstream oil and gas industry, is delighted to announce the promotions of two key personnel. Gillian King, SPE, has been appointed vice president Asia Pacific region and Derren Simpson, SPE, has been appointed vice president Middle East and North Africa. Gillian joined Tendeka as senior sales engineer in January 2007. She then progressed to regional sales manager Europe before becoming area manager for
XL Group strengthened its Insurance Marine team with the appointment of Mike Davies as Chief Underwriting Officer, Marine, Asia Pacific and Ian Picton as Senior Upstream Underwriter. Understanding the local industry and what is impacting it, is a key recruitment driver for XL Group. Explaining, Lee Meyrick, Chief Underwriting Officer, Global Marine and Offshore Energy, said: “Asia is an important market for our global clients and it plays a huge part in supply chain logistics
Malaysian cruise operator Star Cruises Plc has positioned a 100-passenger vessel in Dubai in efforts to cover West Asia, company officials said. "The coverage of West Asia reinforces Star as the leading cruise line in Asia-Pacific after having ships positioned in North, East and South East Asia," Star chairman K.T. Lim said. The MegaStar Capricorn will be positioned year-round in Dubai and will make 200 calls a year at the port
Austal has announced that Michael Little has joined Austal as Regional Service Manager - Asia. Based in Singapore, Mr. Little will be responsible for Austal’s support offering in Singapore, Hong Kong and the Philippines and for developing relationships in the broader region. Mr. Little has considerable experience in the Asia-Pacific ship repair industry and direct expertise supporting US Navy operations in the region
Chevron Corporation's China subsidiary signs production sharing contracts for exploration blocks in the Pearl River Estuary, South China Sea. Chevron's agreement is with China National Offshore Oil Corporation (CNOOC). Under the PSC agreements, Chevron China Energy Company will hold a 100 percent interest in blocks 15/10 and 15/28 in the Pearl River Mouth Basin. During the exploration phase Chevron China Energy Company will be the operator of the two shallow water blocks
GL Academy, the maritime training arm of classification society Germanischer Lloyd (GL) has increased the number and scope of trainings which it delivers to meet the growing needs of Asia's maritime communities. The seminars, which have focussed on a broad range of topics, have taken place in many countries around the region including: Singapore, Brunei, Malaysia, the Philippines, Thailand and India. "2013 has been a very busy year for our training teams in Asia so far
Crowley Maritime Corporation’s solutions group announced today that it has received the first two of potentially four, new heavy-lift, ballastable deck barges (HDBs) for use by clients in the Asia-Pacific region. These new barges, which will be contracted and managed from the
In a move that brings it closer to key Asian markets, ship spares logistics specialist GAC Marine Logistics (GML) has relocated its head office to Singapore. The Asia Pacific region is home to a large number of ship owners and ship management companies who take advantage of the unique GML
The United States on Thursday partially lifted a long-time ban on lethal weapon sales to Vietnam to help it improve maritime security, a historic move that comes nearly 40 years after the end of the Vietnam War. "The State Department has taken steps to allow for the future transfer of
Keppel Logistics Pte Ltd, a wholly owned subsidiary of Keppel Telecommunications & Transportation Ltd (Keppel T&T), has expanded its logistics capabilities down under with Keppel Logistics (Australia) Pty Ltd. The wholly-owned subsidiary of Keppel Logistics will manage a 10
The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2014.
Kalmar, part of Cargotec, has won a significant contract to deliver container handling equipment and related automation technology worth of more than EUR 40 million to Port of Melbourne's new container terminal, operated by Victoria International Container Terminal Ltd (VICTL)
More than 1,200 mariners from the Asia Pacific and Indian Ocean regions have completed the first sea phase of the Royal Australian Navy’s largest maritime warfare exercise, KAKADU 2014. Occurring off the coast of Darwin from August 25 to September 12, 2014
Eugen-Reintjes-Straße 7, 31785 Hamelin, Germany Telephone: 49 5151 1040 E-mail: email@example.com Website: reintjes-gears.de President: Dr. Christian Schliephack Number of employees: 700 The Company: Reintjes GmbH is an independent propulsion technology company that
French Firm CGG announced today that it has been awarded contracts for the 3D seismic acquisition of four major surveys using its BroadSeisTM with BroadSourceTM, marine broadband technology. The four surveys represent a total contract value of over 80 million USD.
XL Group informs that its leading marine underwriters will join the annual International Union of Marine Insurance (IUMI) conference, the first time to be held in Hong Kong in the organisation’s 140-year history. IUMI is being held in HK from 21-24 September 2014 with the theme 'Building
OSI Maritime Systems (OSI) announced the official opening of its newest office, in Canberra, Australia. Located in the suburb of Fyshwick, the Canberra office will accommodate OSI’s business development, technical, service, and training staff that will be dedicated to the
Port Metro Vancouver issued an announcement welcoming news of the signing of the Canada-Korea Free Trade Agreement yesterday in Ottawa. The agreement will significantly boost Canada’s trade with South Korea, as well as provide strategic access for the Canadian import and export market to a
MacGregor, part of Cargotec, says it has won a series of deck equipment orders from Chinese shipbuilder Xiamen Shipbuilding Industry Co Ltd. The winches and deck machinery packages will be fitted to six vessels under construction at the yard.
Mitsui O.S.K. Lines, Ltd. inform that it has once again been included in the Dow Jones Sustainability Index (DJSI) Asia Pacific, on which it has continuously held a spot since 2003. Companies chosen for the indices must meet international criteria for social responsibility in areas such as
EMAS Offshore boosts profile amongst international investment community by providing Asian platform for growth; Singapore public offer opens at 6.00 p.m. today and closes at 12.00 noon on 2 Oct 2014. EMAS Offshore Limited (“EMAS Offshore”